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...sell-off was hastened by the illness and retirement of CEO Donald Thomas, LBJ's lawyer, who ran the financial empire single-handedly for years. Neither Lady Bird Johnson, 78, nor daughters Lynda and Luci, who live far from Texas, are prepared to ride herd on the business. Besides, the seven Johnson grandchildren, who hold stakes in the company through their trusts, are growing up. "It's generational change," said family spokesman George Christian. "Everything dictated that they all go their separate ways." And probably quite comfortably: all the properties being offered are free of debt...

Author: /time Magazine | Title: TEXAS: End of an Empire | 3/25/1991 | See Source »

...people can match the French when it comes to fierce protection of their * culture -- except perhaps the people from the Walt Disney Co. Children everywhere know Mickey Mouse, Donald Duck and the dozens of other goofy characters that make up the Disney pantheon. With a meticulosity that is a hallmark of their success, Disney executives protect and promote their patented image. But as construction proceeds on Euro Disneyland, which is scheduled to open outside Paris next spring, the French have begun to ask themselves how the presence of Disney's irresistibly American village will affect French culture. Many fear that...

Author: /time Magazine | Title: Monsieur Mickey | 3/25/1991 | See Source »

...allay those fears, some language purists in the French government have been going all out in recent weeks to make the project seem as French as it can be. As a result, Mickey and Donald are developing French accents. Paris, for example, is lobbying for French names on attractions and rides, "pommes frites" instead of "French fries" on restaurant menus. Thus the centerpiece of every Disney park -- the fairy tale castle -- will be known at Euro Disneyland as Le Chateau de la Belle au Bois Dormant (although a hot dog will still...

Author: /time Magazine | Title: Monsieur Mickey | 3/25/1991 | See Source »

Executive Vice Presidents: Donald J. Barr, Donald M. Elliman Jr., S. Christopher Meigher III, Robert L. Miller...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 137, No. 12 MARCH 25, 1991 | 3/25/1991 | See Source »

Administration: Susan Lynd, David Richardson, Hope Almash, Melissa August, Breena Clarke, Donald N. Collins, Joan A. Connelly, Ann V. King, Lina Lofaro, Anne D. Moffett, Judith R. Stoler News Desks: Brian Doyle, Waits L. May III, Susanna M. Schrobsdorff, Pamela H. Thompson, Diana Tollerson, Ann Drury Wellford, Mary Wormley...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 137, No. 12 MARCH 25, 1991 | 3/25/1991 | See Source »

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